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Bond Sales Revive, Led by Glaxo

Corporations sold at least $55.1 bln in debt this week.

By Charles Mead and Sarika Gangar, Bloomberg | Updated on May 04, 2012

Bond sales worldwide are reviving from the slowest month of the year as yields on corporate debt decline to the least since 2010.

GlaxoSmithKline Plc’s $5 billion offering, its first dollar-denominated sale in more than four years, led issuance of at least $55.1 billion this week following $45.8 billion in the period ended April 27, according to data compiled by Bloomberg. Stockholm-based Ericsson AB, the biggest maker of mobile phone networks, sold $1 billion of 10-year bonds to refinance existing debt, its first issue in almost three years.

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